CIBC analyst Bryce Adams maintained a Hold rating on Torex Gold Resources (OTC:TORXF) Inc on Friday, setting a price target of C$26, which is approximately 9.18% above the present share price of $17.79.
Adams expects Torex Gold Resources Inc to post earnings per share (EPS) of -$0.55 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Torex Gold Resources, with an average price target of $23.75.
The analysts price targets range from a high of $26.9 to a low of $19.43.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $172 million and a net profit of $23.4 million. The company's market cap is $1.47 billion.
According to TipRanks.com, CIBC analyst Bryce Adams is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 31.5% and a 79.41% success rate.
Torex Gold Resources, Inc. is a Canadian based resource company, which engages in the exploration and development of precious metal resources with a focus on gold. It holds interest in Morelos gold project. The company was founded on November 13, 1980 and is headquartered in Toronto, Canada.